KOSPI, Foreigners Return Amid Won Strength... Closes Up Over 1%

The KOSPI index closed higher, supported by net buying from institutions and foreigners.

On the 11th, the KOSPI index closed at 2562.49, up 41.79 points (1.66%) from the previous day. The trading volume for the day was 584.15 million shares, with a trading value of 10.455 trillion won.

[Image source=Yonhap News]

By investor type, institutions and foreigners net bought 164 billion won and 285.6 billion won respectively, while individuals net sold 446.1 billion won. In program trading, there was a net sell of 1.2 billion won in arbitrage trading and a net buy of 282.1 billion won in non-arbitrage trading.

The previous day, the New York stock market showed strength in economically sensitive semiconductor and discretionary consumer sectors, as well as the Russell 2000 index, driven by expectations of solid economic fundamentals. Accordingly, the KOSPI index started higher and continued its upward momentum as the won/dollar exchange rate fell below 1300 during the session, attracting foreign buying.

In particular, foreigners are analyzed to have regained risk appetite ahead of the U.S. June Consumer Price Index (CPI) announcement, anticipating a slowdown in inflation.

By sector, most sectors rose. The machinery sector increased by 3.69%, followed by electrical and electronics 1.98%, services 1.87%, transportation equipment 1.79%, manufacturing 1.75%, chemicals 1.57%, construction 1.57%, insurance 1.5%, finance 1.48%, paper and wood 1.23%, pharmaceuticals 1.18%, and telecommunications 1.17%. Meanwhile, steel and metals showed a slight decline of 0.16%.

Most of the top market capitalization stocks also rose. Samsung Electronics gained 2.88%, SK Hynix 2.81%, Samsung Biologics 2.12%, Samsung SDI 0.15%, Hyundai Motor 0.73%, Kia 1.14%, and NAVER 2.17%. On the other hand, LG Energy Solution and LG Chem remained flat, while POSCO Holdings fell 0.63%.

The KOSDAQ index also showed strong gains, rising more than 2%. The KOSDAQ index closed at 878.73, up 18.38 points (2.14%) from the previous day. By investor type, institutions and foreigners net bought 73.2 billion won and 318.7 billion won respectively, while individuals net sold 401.9 billion won.

Most of the top market capitalization stocks also showed strength. EcoPro BM and EcoPro rose 3.51% and 1.14% respectively, L&F 0.64%, JYP Ent. 4.84%, HLB 3.49%, Pearl Abyss 4.84%, POSCO DX 27.36%, and SM 9.85%. Meanwhile, Celltrion Healthcare remained flat.

Meanwhile, in the Seoul foreign exchange market, the won/dollar exchange rate closed at 1293.7 won, down 12.8 won from the previous day.

This content was produced with the assistance of AI translation services.